Depends on what you’re submitting. In my experience, WP themes get approved/rejected faster (the next day after I submit) than site templates (usually 2 days). Probably because there are more site template submissions.

I have. It took two days before it was rejected. But that was last year. My recent site templates have been approved the next day after I submitted.

Ouch, two days is awhile to wait but it’s definitely a lot better than the other marketplaces out there selling templates. Plus, I that was closer to the time ThemeForest was started so I would imagine things were a little more shaky and being figured out at that point.

If it makes you feel any better a friend of mine submitted something to GraphicRiver and had to wait almost 5 days, lol. GraphicRiver is growing pretty fast and one of their reviewers was gone for a bit. They’ve since added another reviewer to the team though so they’re taking care of that. At least it’s growing really fast!